Omaha daily bee., 1887-11-04
The SPECULATIVE MARKETS.
Wheat Opens Lower and After
ward Moves Upr 4. I.
FLUCTUATIONS IN CORN MARROW
Oats Quiet and Weak Early, With
Very Little Trading-A Strong
Session in Provisions -
General Quotations.
CHICAGO PRODUCE MARKET.

CHICAGO, Nov. 3-[Spccial Telegram TO
the BEE. The drop in prices during yestcr-
day afternoons short session in the wheat
pit was followed by still lower opening this
morning. the first trades being at 12NM13c
for December and 7s59sd7s94c for May. The
market held around these figures for time
and then, upon liberal buying OF local bear
operator to cover short sales, began TO move
upward. Reports were received indicating
large falling of in receipts from farmers
hands in the northwest and upon reports
from the west and southwest of extremely
dry weather, the process of killing of the
winter wheat crop began to some extent in
the pit. Under these stimulating influences
December wheat advanced to 13llc and May
to 1914c, but the same old unloading, with no
body to take the load, began again, and the
movement was downward from that point.
Receipts at primary markets were very large
--T47, 600 bushels-reported from the nine
points, Of which Minneapolis received 344,-
600 bushels and Duluth l69, 600 bushels show
ing that the growth of the visible supply was
not being retarded appreciably, for the pres
ent at least, whatever the falling off in
farmers deliveries might accomplish in the
future. 1t was also thought to be a trile
early to destroy the winter wheat crop. Dur
Ing all the latter part of the session prices
sagged steadily and the close was only
fractiOnally above the opening figures, De
cember resting at i3c and May at 7Sa4c.
Fluctuations IN corn were quite narrow,
but there was fair amount of trading, with
some outside orders, although the bulk of
business was by local traders The first i'm
pulse of the market was upward, influenced
by the expected brisk demand for corn for
shipment This demand, however, was only
fair and the near by deliveries closed nc
lower than they opened. December and
January deliveries opened at 4ll4c and May
at Asa i5lkc, which were exactly the closing
figures of yesterday. December sold at Al &c
and Al 1sc and closed at the last named figure
bid. January followed the same course and
prices, except that the highest price touched
was 4lA@i4l%c. May fuctuated between
45ssc and 45119c and 45@451ls and closed at
451 &c asked.
Oats were quiet and weak early and first
sales were at Il per bushcl decline to recov-
ering later and the closing was fully up to
yesterday. But few trades were making and
most months were not traded in and prices
were little better than nominal ones.
In provisions a strong market was expert
enccd. Under the lead of pork, which was
worked by couple of SPECTATORS for an ad
vance, the entire trade showed u firm front
The actual Improvement in values, however
was limited, though the | o'clock rest all
around was higher than last nights closing
AFTERNOON SEssIoN-Whcat firm. Corn
firm. Oats duh but steady. Pork for ,Janu.
ary sold early at Sl25 bat closed at Sl252l{
February closed at sl2 10 and May at $1,000
Lard was quiet and closed at $685. for No
vember, $3.50 for December and year, S6.35
for January, S6.42l% for February and 1866
for May. Short ribs were quoted ut Sl32
for January and $40 for February